Akerman represented private equity firm Foundation Investment Partners, LLC (FIP) in its acquisition of Paper Converters Inc., a manufacturer of industrial cardboard products serving the textile industry in the Southeastern United States. The acquisition was completed through FIP’s platform company, Sustainable Packaging, LLC.
Founded in 2002 and based in Walterboro, South Carolina, Paper Converters manufactures spiral-wound paper tubes, edge board, and sheeting used in textile applications. The transaction advances Sustainable Packaging’s growth strategy by expanding its manufacturing capabilities and strengthening its ability to serve customers across complementary product lines.
The acquisition brings together Paper Converters and its sister company, Amspak, creating opportunities for collaboration, operational efficiencies, and supply chain continuity across overlapping markets. Paper Converters will continue to operate as part of the Sustainable Packaging platform.
The Akerman team advising FIP was led by Corporate Partners Jeffrey Fickes and Christopher DePizzo and Corporate Associate Annie Nosich, and included key support from:
- Janis Cheezem, Partner, Real Estate Practice Group
- Peter Chiabotti, Partner, Intellectual Property Practice Group
- Diana Clarkson, Partner, Tax Practice Group
- Rick Fucci, Partner, Corporate Practice Group
- Erika Labelle, Partner, Tax Practice Group
- Gabriel Marinaro, Partner, Employee Benefits and Executive Compensation Practice
- Bryan Reese, Partner, Corporate Finance Practice
- Scott Silverman, Partner, Labor and Employment Practice Group
- Sarah Campbell Smith, Partner, Environment and Natural Resources Practice
- Adam Brown, Associate, Corporate Finance Practice
- Matthew Emery, Associate, Corporate Finance Practice
- Antigone F. Gragg, Associate, Real Estate Practice Group
- Madison Thibeaux-Brown, Associate, Corporate Finance Practice
Foundation Investment Partners focuses on investing in niche manufacturers, value-added distributors, and outsourced business service providers, partnering with management teams to pursue long-term growth initiatives.
About Akerman
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